Advance Residence Investment Corporation [3269.T]
TOKYO, May 27 (Pulse News Wire) – Advance Residence Investment Corporation (3269.T) decided to enter into an interest rate swap agreement to hedge against fluctuation risks associated with its planned long-term borrowing of ¥1.560 billion due on May 29, 2026. Under the agreement, the company will exchange fixed-rate payments of 2.69875% for floating-rate payments based on the TIBOR rate set by the All-Japan Banks' Association.
The contract begins on May 29, 2026, and ends on April 28, 2033, covering a term of 6.9 years. Payments will commence on June 30, 2026, and continue monthly thereafter until maturity. This swap arrangement effectively locks in the interest rate for the long-term loan at 2.85875%, providing stability against potential future fluctuations.
The agreement was finalized. Advance Residence Investment Corporation, managed by Itochu Real Estate Management Co., Ltd., specializes in residential-focused real estate investment trusts (REITs). With a portfolio centered around rental properties in central Tokyo and nationwide, the trust leverages stable assets and negative goodwill from J-REITs to offer consistent and secure returns.
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